How to Convert secured to unsecured Credit Card Kotak Bank

[ank_sh1]

Hello there,
I have a secure credit card from Kotak Bank. I had done an FD of 20k initially and got a credit limit of 16k. It was my first credit card. I have utilised the card in a very decent way, with no delayed payment, and never utilised > 30%.

The bank increased my credit limit twice, once from 16k to 48k and the second from 48k to 110k. I have requested them multiple times requesting to upgrade the credit card & to convert the Secured to an Unsecured Credit card. Every time I receive the same generic response of not possible. I have other unsecured credit cards with some decent limits of 3.5L & 3L. They are asking me to close my current card and reapply again, and I don't want to do it, as it will close my oldest credit account which will impact my credit score and also hit Cibil when I apply for the card again.

Anyone who has successfully convinced Kotak to convert their existing Secured to Unsecured, please help me here with how you did it and how to convince them.

Regards,
Ankit

 

[raghu.rokda]

One question is your Location metro or non metro..is there kotak Mahindra bank available in your pincode

I think not serviceable

Tavi to majburan FD card lena pada

 

[ank_sh1]

Have you tried to cancel the FD by self ?
You have got limit enhancement so i doubt that your card is still unsecured..

Other way is that try to apply for another card...if approved, New card will be given on shared limit basis and thereafter close the first card.Thats it.

Yes I tried doing that, but it says FD is under Lein

 

[ank_sh1]

I don't see the point of closing fd of 20k if u got 110k limit .

Secured card bring variety . Plus try calling cc & say u don't want renewal of fd when it expires .
Even if its lien with cc.

So either ur fd will be broken without cc close most chances
Or they will close ( rarely that will happen)

That makes sense, I will call them today to request this.

 

[Vasuki]

I think not serviceable

Tavi to majburan FD card lena pada

Same is the case with me my aadhar address is non serviceable for Any small private bank.

I opened account at serviceable area then change to Home address 🥲
Now i m stuck with only offer of fd card in kotak

 

[Aniket]

That makes sense, I will call them today to request this.

Any update received after that request?

 

[Vasuki]

Any update received after that request?

U have unsecured one right ?

 

[Aniket]

U have unsecured one right ?

Yes bro 😅

 

[varun__goel_]

Yes bro 😅

Which card is it?

 

[Aniket]

Which card is it?

League Platinum Rupay

 

[varun__goel_]

League Platinum Rupay

Kal vaale dm m aajao🤣🤣

 

[Aniket]

Kal vaale dm m aajao🤣🤣

Ok bro 😂